DUBLIN--(BUSINESS WIRE)--The "Global Collagen Meniscus Implant Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027" report has been added to ResearchAndMarkets.com's offering.
The collagen meniscus implant market was valued at US$ 308.6 Mn in 2018, expected to grow at a CAGR of 5.3% during the forecast period from 2019 to 2027.
The global collagen meniscus implants market is increasing proficiently from 2019 to 2027 accredited to increase in hospital admissions for a sports-related knee injury, osteoarthritis, joint overloading, accidents or trauma cases and others along with the growing number of meniscectomy procedures.
Upgraded bioabsorbable technology in meniscus implants will enhance the demand, e.g. CMI implant type I, CMIXL - the next generation and others. Increasing acquisition strategies, new technology expansion, and product launch will further drive the market growth globally.
Moreover, the population older than 60 years of age, the rate of degenerative meniscal injury is around 55-60%. Every year, around one million surgical procedures related to meniscus resection are performed in the U.S., which will drive the market growth in the North America region. According to recent studies and research, Collagen Meniscus Implant (CMI) for medial meniscal substitution has shown improved clinical outcomes with higher safety.
Top manufacturing companies focused on novel product launch and FDA approval on a global scale, mainly in the U.S. and EU markets. The North America market contributed maximum revenue attributed to the increasing prevalence of bone-related disorders, sports injuries (soccer, volleyball, basketball, and athletics), arthritis, joint instability due to knee injury, a large pool of geriatric population, and domicile of key manufacturers in the U.S. market. Many global manufacturers are focusing on widespread investments to further launch new equipment and tools utilized for meniscus implantation procedures.
Key Market Movements:
- Growth in the manufacturing of biocompatible and bioabsorbable materials with enhanced shelf life will increase the product penetration
- Increased health awareness related to osteoarthritis, sports injuries, fractures, and implantation procedures will drive market growth. Asia Pacific region will grow at a significant pace owing to developments in healthcare infrastructure, enhanced technology expansion, rise in medical expenditure, and medical tourism.
- New product launch along with U.S FDA approval will drive the market growth globally
- Major players in this vertical are RTI Surgical, Active Implants, Orthonika, Stryker Corporation, Zimmer Biomet, Biofixt and others
Key Topics Covered:
2. Executive Summary
2.1. Market Snapshot: Global Collagen Meniscus Implant Market
2.2. Global Collagen Meniscus Implant Market, by Age Group, 2018 (US$ Mn)
2.3. Global Collagen Meniscus Implant Market, by End User, 2018 (US$ Mn)
2.4. Global Collagen Meniscus Implant Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1.1. Global Collagen Meniscus Implant Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Collagen Meniscus Implant Market, by Age Group , 2017-2027 (US$ Mn)
5. Global Collagen Meniscus Implant Market, by End User, 2017-2027 (US$ Mn)
5.2. Orthopedic Clinics
5.3. Ambulatory Surgical Centers
6. North America Collagen Meniscus Implant Market Analysis, 2017-2027 (US$ Mn)
6.1.1. North America Collagen Meniscus Implant Market Value and Growth, 2017-2027, (US$ Mn)
6.2. North America Collagen Meniscus Implant Market Value, By Age Group, 2017-2027 (US$ Mn)
6.3. North America Collagen Meniscus Implant Market Value, By End User, 2017-2027 (US$ Mn)
6.3.2. Orthopedic Clinics
6.3.3. Ambulatory Surgical Centers
6.4. North America Collagen Meniscus Implant Market Value, By Region/Country, 2017-2027 (US$ Mn)
6.4.1. Market Analysis
6.4.3. Rest of North America
7. Europe Collagen Meniscus Implant Market Analysis, 2017-2027 (US$ Mn)
8. Asia Pacific Collagen Meniscus Implant Market Analysis, 2017-2027 (US$ Mn)
9. Rest of the World Collagen Meniscus Implant Market Analysis, 2017-2027 (US$ Mn)
10. Company Profiles
10.1. RTI Surgical
10.2. Active Implants
10.4. Stryker Corporation
10.5. Zimmer Biomet
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